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Articles tagged under: Glencore

Glencore Fined

Published March 1, 2023

The U.S. federal courts are fining Glencore $700 million. This huge fine is due to allegations of bribes being paid to officials in Brazil, Nigeria, Venezuela and the Democratic Republic of the Congo. These bribes were made to avoid audits…
Latest NewsAg Business

Glencore Fined for Bribery

Published June 6, 2022

Switzerland-based Glencore, the parent company of Viterra Ag Commodity Trading Company, will pay $1.02 billion in fines for bribery charges in the U.S., United Kingdom and Brazil. Glencore will pay the penalties to resolve bribery charges brought by the U.S.…
Latest NewsAg Business

Grain Deal Expected to Close in March

Published January 26, 2022

Gavilon’s U.S. grain business is being sold to Viterra in a deal that is estimated to be valued at $3.5 billion. The Marubeni Corporation in Japan is the parent company of Gavilon and Viterra is part of Switzerland-based Glencore. There…
Latest NewsAg Business

A Rebranding for Glencore Agriculture

Published August 20, 2020

Glencore Agriculture is rebranding itself as Viterra. Viterra was acquired by Glencore eight years ago. Glencore Agriculture CEO David Mattiske described Viterra as “a globally recognized brand.”
Latest NewsAg Business

Ag Companies Cooperate on Digital Platform

Published December 4, 2019

An industry-wide initiative to modernize trade operations is now going by a new name, Covantis. The goal of this effort is to increase efficiencies within the system with a digital platform. ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and…
Latest NewsAg Business

Mahoney Announces Exit from Glencore

Published May 23, 2019

Glencore Agriculture CEO Chris Mahoney will step down from that role at the end of September. Mahoney has been CEO for the past 17 years. David Mattiske, who is now a regional director for the company. Glencore approached Bunge for…
Latest NewsAg Business

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